House passes legislation affecting IRA distributions

Today the House of Representatives passed legislation that would affect IRA distribution rules.  The key change that affects estate planning is the provision that would limit the duration of post-death required minimum distributions to 10 years for most non-spouse beneficiaries.  

I will continue to monitor whether the bill passes the Senate and gets the President's signature.  The bill has bipartisan support, so it is definitely something to pay attention to.